A number of potential investors of the largest manufacturer of mining equipment, Bitmain, was misled by the news about the participation of DST Global and GIC Private Ltd. in the financing round of Series B along with venture capital firm Sequoia Capital. If Bitmain spread false information intentionally, the company's top management faces criminal liability and fabulous fines, CoinDesk reports. In June, it was reported that the Chinese division of Sequoia Capital led a round of financing for Series B, under which Bitmain raised $ 400 million, after which the company's investment valuation allegedly rose to $ 12 billion. Then…
Author: BlockchainJournal
The Supreme Court of India appealed to the government with a request to present its vision on the regulation of cryptocurrency within two weeks. Reported by The Economic Times . In April, the Reserve Bank of India (RBI) banned subsidiaries from providing services related to digital currencies to individuals and companies. Outraged representatives of the country's crypto community began to send complaints to local courts with a request to lift the ban. However, in July, the Supreme Court twice defended the position of the Central Bank. During the next meeting, legal adviser to nine cryptocurrency exchanges Nakul Dewan said that…
The Blockchain Charity Foundation (BCF), a charitable organization founded by Binance, launched a blockchain-based donation portal . As representatives of the company told BlockchainJournal, the presentation of the new platform was held as part of the UN World Investment Forum in Geneva. The system is already accepting donations in bitcoins, ethereum and Binance Coin. In the near future, BCF will open funds to support flood and landslide victims in eastern Uganda. Presenting the charity portal, SEO Binance Changpeng Zhao spoke about the impact of the blockchain on donation fees. “Conceptually, you can fairly easily track cash flows at all levels,…
Blue Frontiers, which planned to create “floating islands” in the Pacific, interrupted ICO. Blue Frontiers promises to return money to investors due to the stagnation of the market and problems with the authorities. This writes Bloomberg . The idea of an autonomous state with its own cryptocurrency Varyon became known in 2017. The project was supported by PayPal founder Peter Thiel. It was assumed that the new island state for crypto millionaires would be independent of the geopolitical influence and currency fluctuations. Last year, Blue Frontiers signed an agreement with the authorities of French Polynesia to create the first island…
The Ministry of Economic Development and Trade of Ukraine initiates the adoption of the concept of state policy on cryptocurrency . It is reported by the press service of the Ministry. According to the concept plan, in 2018-2019, the definition of the legal status of cryptocurrency, trading platforms and exchangers dealing with digital assets is provided. At the same time, the government should analyze the problems and trends of the market, as well as work out proposals for regulating the industry. As stated in the document of the Ministry of Economic Development, in 2020-2021, providers of cryptotographs should receive the…
As the cryptocurrency market became lethargic, interest in Bitcoin and other digital assets declined significantly. According to Google Trends, the number of searches for the word “Bitcoin” has decreased by almost 93% (compared to the maximum rate registered in December 2017). On this fact in his Twitter drew the attention of economist Tur Demestr, who is also the founder of Adamant Capital. In August, Demester has already published an article stating that in 2018 the cryptocurrency market is unlikely to reach new record heights. Since then, the number of search queries for the word “Bitcoin” has decreased by 30%. …
Users of the hybrid site Ethfinex and the decentralized exchange Ethfinex Trustless will be able to participate in various tokensaleh, which will be held on the basis of the platform. We're incredibly excited to have Ethereum token sales. https://t.co/296ZozOXRH – Ethfinex (@ethfinex) October 25, 2018 At the same time, participants in tokensails will be randomly selected using a special mechanism, and the holders of the internal token Nectar (NEC) will have a higher chance of acquiring new coins. So, tokensale will be either exclusive, exclusively for users of the platform, or will be held on favorable terms. Note that those…
Market analysts at Bloomberg believe that the decrease in bitcoin volatility is a strong indicator of the end of the fall in the cryptocurrency market and readiness for a new bull rally. Just a few days ago it became known that, according to CBOE Global Markets, Bitcoin is currently less volatile than stock market shares: Amazon, Netflix, and NVIDIA. The data from the Chicago Stock Options Exchange also show that the 20-day historical volatility of Bitcoin is approaching that of Apple stock (APPL). The rapidly declining volatility of cryptoactive assets , especially BTC, has led many industry analysts to change…
The South China branch of the China International Economic and Trade Arbitration Commission in Shenzhen in the framework of the case of cryptocurrencies ruled that the laws of the People's Republic of China do not prohibit owning bitcoins. This is reported by the traditional news provider from China, cnLedger, citing local sources. 1 / Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning and transferring bitcoin. – cnLedger (@cnLedger) October 26, 2018 Also, according to representatives of the arbitration commission, residents have the…
Formerly the most popular Poloniex cryptobirth has been experiencing technical difficulties for the second time in the last few days. We are currently experiencing technical issues. We have been able to know when we are back up. – Poloniex Exchange (@Poloniex) October 25, 2018 p. Representatives of the exchange said that at the moment the site is "in maintenance mode" and promised to let them know when the problems are resolved. APDATE: Some time later, representatives of the exchange reported that the problems were fixed and the platform was operating normally. All systems are back to normal. We apologize for…